Crusader Resources Directorate Change (1374L)
April 17 2018 - 3:31AM
UK Regulatory
TIDMCAS
RNS Number : 1374L
Crusader Resources
17 April 2018
17 April 2018
Directorate Changes
Crusader Resources Limited (ASX: CAS, AIM: CAS) ("Crusader" or
the "Company"), the independent gold explorer and developer, is
pleased to announce the appointment of Andrew Vickerman as
Non-Executive Chairman of the Company, with immediate effect.
Further details relating to Andrew Vickerman under schedule 2
paragraph (g) of the AIM Rules were contained in the Company's
admission document dated 12 April 2018.
Andrew brings significant experience to the role and is
currently also a member of the Board of Trafigura Pte Ltd, an
independent commodity trading and logistics house. He was a
non-executive director at Petropavlovsk PLC, a London listed mining
company and spent almost 20 years with Rio Tinto, the last 10 years
as a member of the Operations and Executive Committees with
responsibility for global communications and external
relations.
As part of Crusader's London AIM listing and as previously
announced, Stephen Copulos has stepped down as Chairman and
Director, with immediate effect. The Company wishes to thank
Stephen for his support since his appointment in March 2013.
Stephen remains a significant shareholder of the Company.
For further information, please contact:
Mr. Paul Stephen
Executive Director
Office (Aus): +61 8 9320 7500
Email: paul@crusaderresources.com
Investor Relations
Office (Aus): +61 8 9320 7500
Email: admin@crusaderresources.com
Smith & Williamson Corporate Finance Limited (Azhic Basirov
/ Katy Birkin / Ben Jeynes)
Nominated Adviser
Office: +44 (0)20 7131 4000
Hannam & Partners (Neil Passmore / Andrew Chubb)
Joint Financial Adviser, Joint Lead Manager and Joint Broker
Office: +44 (0)20 7907 8500
Camarco (Gordon Poole / Nick Hennis)
Financial PR
Office: +44(0)20 3757 4997 / +44(0)20 3781 8330
About Crusader
Crusader Resources Limited (ASX: CAS, AIM: CAS) is a minerals
exploration and development company listed on the Australian
Securities Exchange and the AIM Market of the London Stock
Exchange. Its major focus is Brazil; a country Crusader believes is
vastly underexplored and which offers high potential for the
discovery of world class mineral deposits.
Crusader has two key Gold Assets;
Borborema Gold Project
The Borborema Gold Project is in the Serido area of the
Borborema province in north-eastern Brazil. It is 100% owned by
Crusader and consists of three mining leases covering a total area
of 29 km(2) including freehold title over the main prospect
area.
The Borborema Gold Project benefits from a favourable taxation
regime, existing on-site facilities and excellent infrastructure
such as buildings, grid power, water, sealed roads and is close to
major cities and regional centres. The project's Ore Reserve
includes Proven and Probable Ore Reserves of 1.61Moz of mineable
gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut-offs for oxide
& fresh). The measured, indicated and inferred Mineral Resource
Estimate of 2.43Moz @ 1.10g/t gold, remains open in all
directions.
Juruena Gold Project
The Juruena Gold Project is located in the highly prospective
Juruena-Alta Floresta Gold Belt, which stretches east-west for
>400km and has historically produced more than 7Moz of gold from
40 known gold deposits. Historically there is a database of more
than 30,000 meters of drilling and extensive geological data.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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